EMA RANGE

EMA RANGE

EMA RANGE is a simple, price-focused indicator that plots an Exponential Moving Average (EMA) with a dynamic ATR-based range above and below it. The ATR bands adapt to market volatility, helping traders visualize normal price movement and identify potential expansion or compression zones.

🔹 Features

Customizable EMA length

ATR range bands plotted above and below the EMA

Adjustable ATR length and multiplier

Toggle to enable or disable ATR ranges

Fully customizable colors and line thickness from the Style tab

🔹 How It Works

The EMA serves as the central trend reference.

The Average True Range (ATR) measures volatility.

Upper and lower bands are calculated as:
EMA ± (ATR × Multiplier)

When price remains inside the range, conditions are considered normal. Moves outside the range may signal increased volatility, momentum expansion, or potential breakout conditions.

🔹 Best Use Cases

Trend continuation and pullback analysis

Volatility-based risk framing

Dynamic support and resistance visualization

Works on any market and timeframe

EMA RANGE is designed to stay clean, responsive, and easy to interpret—making it suitable for both discretionary and systematic traders.